2975 Horseblock Rd - Freestanding FOR SALE


Medford, NY 11763
$25,771,000 USD
212-430-1474
2975 Horseblock Rd, Medford, NY for Sale
$25,771,000 USD
Freestanding - FOR SALE
1/13
null | Request Cap Rate

2975 Horseblock Rd
Medford, NY 11763


HIGHLIGHTS

  • 143,286 SF building resting on 16.59 acres
  • Target is operating under a NNN Ground Lease with 10+ years remaining
  • The lease features attractive rental increases during the initial term and during the option periods, providing increasing returns
  • The Property has had 1.9 million visitors in the last 12 months, per placer.ai
  • 5-Mile Population: 188K+; 5-Mile Average Household Income: $125K+
  • Excellent highway exposure, right off I-495 (LIE)

OVERVIEW

Presenting a prime NNN Ground Lease opportunity with Target. This impressive 143,286 SF building, constructed in 2005, is situated on a sprawling 16.59-acre lot. Located on Horseblock Road, the property enjoys a vibrant retail environment, surrounded by prominent national tenants such as Sam's Club, Michaels, TJ Maxx, Walgreens, Bank of America, Dairy Queen, and many more. This location offers excellent visibility and accessibility, making it an ideal investment opportunity.

FOR SALE DETAILS

PRICE

$25,771,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Target NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

683

LAND DETAILS

LAND ACRES

16.39 AC

LAND SF

713,948 SF

ZONING

-

APN/PARCEL ID

0200-699-00-02-00-014-003

ASK ABOUT THIS PROPERTY

Anthony CerroneMarcus & MillichapMore Info
212-430-1474

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Anthony CerroneMarcus & MillichapMore Info
212-430-1474

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.